Corzine is back

sle said:
Actually, if he is starting a fund, the expectation is that at least 50% of his net worth would be invested in the fund. So he will be trading his own money.
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We don't know how much of his net worth is liquid enough for that, but he would be silly to risk his left over money, knowing his record of recent years. Also, his net worth is having a 90% downdraw right now...
 
freedinner said:
The article states that he has been on a money raising tour to "wealthy investors in the middle east".

Just imagine you are one of those wealthy investors, likely with many different business interests, and a former U.S. governor with, according to his own words, "friends in Washington" visits you.

Why not give him some money? Maybe he'll get lucky and even make you a profit. If not, you'll have even more reason to call him up and ask him for help next time one of your businesses needs regulatory help with a U.S. export license or whatever.
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Pekelo said:
1. I like this, I would put it on my business card if I were a HF guy raising money: "Maybe we will get lucky!"
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Granted, you may not agree with those people or share their sentiment...but I think @freedinner is spot on in describing the thought processes and decision making of that crowd.

It's just like giving to The Clinton Foundation (or CGI, or whatever they're calling their racket these days), as many of them do...just with an upside!
 
Guys like Corzine don't trade. They build
Organizations that trade. They use their clout and managerial skills to raise funds and hire talent and give that talent a platform to produce returns.
 
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